Landscaping Business Interviews Blacksburg VA

You have the opportunity to purchase a landscaping business. How would you decide whether or not to buy it, and how much to pay for it? Read on and you'll know.

Local Companies

Express Employment Professionals
540-389-8979
1109 Electric Road
Salem, VA
Tradesource Inc
(804) 353-3590
3105 W Marshall St
Richmond, VA
Allied It Professionals
(703) 883-1101
8298 Old Courthouse Rd
Vienna, VA
Reliance Staffing Services
(757) 873-6644
Newport News, VA
Labor Finders
(703) 360-5628
Alexandria, VA
Management Recruiters of Roanoke
(540) 989-1676
Roanoke, VA
Westaff
(757) 873-8367
813 Diligence Dr Ste 118
Newport News, VA
C U Clear
(540) 720-6500
Stafford, VA
Employment & Job Training
(804) 355-3600
Richmond, VA
Grand Nanny
(804) 776-7999
16273 General Puller Hwy
Deltaville, VA

Provided By:

You have the opportunity to purchase a landscaping business. How would you decide whether or not to buy it, and how much to pay for it?

This question is a good candidate for the Five Cs. Determine:

Character

  • How would you evaluate the sincerity, honesty, and integrity of the owner of the business? Do others that they deal with (employees, suppliers, customers) value them as partners, or are there character issues?
  • Is there any legal action pending against the business?
  • Does the business have a positive employee culture? Does it engage in any charitable or environmental initiatives?

Capacity

  • Is the business turning away new customers due to lack of equipment/ employees?
  • Are the assets of the company (property, plant) strained or in a state of disrepair?

Capital

  • Is the landscaping business carrying any debt? What is its debt ratio?
  • What is the company's cash flow like over the last five years?
  • What is the company's new account history? How much business is new vs. repeat?

Collateral

  • Are any of the business' assets impaired in any way? Obsolete equipment, for instance?

Conditions

  • Describe the market space the business occupies. Is it a leader? Are there many players?
  • What defines dominance in this market? Cost? Economies of scale? Speed to market? Relationships with customers? Where does this business fall against the aforementioned metrics?
  • Is the market for landscaping saturated? Are there opportunities for expanding the current customer base?
  • What advertising and promotional activity has been done? How much does the business spend (as a percent of sales) on marketing its services?

Read article at Vault.com

Featured Local Company

Express Employment Professionals

540-389-8979
1109 Electric Road
Salem, VA


Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History